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WestCan Uranium Acquires Gold Property
Feb 11, 2010 10:24AM
WestCan Uranium Acquires Gold Property Wednesday February 10th, 2010
Mr. Chris England, President and CEO of WestCan Uranium Corp. (“the Company”) (“WestCan”) is pleased to announce the Company has acquired an undivided 100% interest in 5 Mineral Claim Tenures located in the Mt. Davidson, Nechako Plateau area of British Columbia. The mineral claims encompass 2,710 hectares and are approximately 5 kilometres east of Mount Davidson in the Cariboo Mining Division of British Columbia. The property acquisition is subject to a 2% Net Smelter Return Royalty. One percent of the NSR may be purchased from the vendor for a price of $1,000,000.
The new claims have been purchased from the mineral title holder for a cash payment of $6,000 and 3,000,000 common shares.
The Company feels that this diversification will compliment its current property portfolio, which includes coal properties in Central Saskatchewan and Uranium properties in the Athabasca Basin area of northern Saskatchewan.
The agreement is subject to the approval of the TSX Venture Exchange.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.